This property looks like a bad Long-Term investment with a projected -4.4% first-year return on $62,979 initial cash invested.
-4.4%
Cash On Cash
6.1%
Cap Rate
0.93
DSCR
$2,180
Rent
-$231
Cashflow
Cash Flow
$2,180 income − $2,411 expenses = $231 out of pocket
Investment Breakdown
|
Purchase Price
$300k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,979
Downpayment
20%
$59,980
Closing costs
1%
$2,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,180
Total Expenses
$2,411
Mortgage P&I
76%
$1,646
Property Taxes
4%
$93
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0